The CFDA nominations are announced

Fashion is one of the few arenas—outside of, say, ballet or Girl Scouts—in which a 47-year-old can qualify for a Geoffrey Beene Lifetime Achievement Award. But, as Diane von Furstenberg announced at her studio Wednesday night, Marc Jacobs will receive that high honor at the 2011 CFDA Awards, an achievement that speaks volumes about the impact and influence of youth on this industry. After all, Jacobs was once a wunderkind himself, and in a sense has led the way for a new generation of young designers— several of whom were named as CFDA Award nominees at von Furstenberg’s cocktail party. Alexander Wang, Eddie Borgo, Joseph Altuzarra, Jason Wu, Mary-Kate and Ashley Olsen, and Pamela Love are all up for prizes among the more established such as Reed Krakoff and honorees Jacobs and Phoebe Philo (for the complete list of nominees, click here).Perhaps unsurprisingly, this fresh crop of talent likes to have a good time but they also work incredibly hard. Why else would jeweler Love choose to celebrate her nomination with shut eye? Just before leaving at a very respectable 7:00 p.m., she explained, “I’m going to reward myself with a bath and ordering in and sleeping.” Sweet dreams sure to follow.